Income from corn shipments from Paraguay fell 43% until May

Published Jun 19, 2024

Tridge summary

By the end of May, Paraguay's corn exports generated USD 69.9 million, marking a significant decrease of USD 53.3 million (-43.3%) compared to the same period in 2023. This decline is attributed to a reduction in export volume, with 388,631 tons shipped, which is 112,258 tons less (-22.4%) than in 2023. Additionally, the international price of corn fell by 26.8%, with the average price per ton dropping to USD 180 from USD 246 in 2023. This persistent negative trend since the start of the year is expected to influence producers' future agricultural investment decisions.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the end of May, corn shipments from Paraguay generated USD 69.9 million, that is, USD 53.3 million less (-43.3%), compared to the same period in 2023 (USD 123.2 million). One of the reasons for the decrease in income was the lower volume exported, since 388,631 tons were shipped until May, that is, 112,258 tons less (-22.4%) than the same period in 2023, when they were 500,889 tons were shipped, according to BCP data. Another factor that influenced was the low international price of cereal, which in the fifth month registered a reduction of 26.8%. As of May of this year, the average price of corn reached USD 180 per ton, that is, USD 66 less than the same period in 2023, ...
Source: Productivacm
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